By Renaissance Capital, Bausch + Lomb, a leading supplier of contact lenses and eyecare products, announced terms for its IPO on Thursday. The company plans to dual list on the Toronto Stock Exchange. The Vaughan, Canada-based company plans to raise $788 million by offering 35 million shares (100% secondary) at a price range of $21 to[…]
By Val Kennedy, Wuxin Technology Holdings (WXT), a provider of Internet of Things connectivity solutions in China, has filed to hold an initial public offering in the US. Wuxin plans to list its shares on Nasdaq under the symbol WXT. The size and pricing of the deal were not disclosed. Prime Number Capital is[…]
Summary Palantir did a direct listing, no road show, no cap raise. The company is focused on growing its business, not gaming the market. The numbers of Palantir’s business are very positive, it makes US$5 million average per client, and there are many more clients to be had. We believe that Palantir (NYSE:PLTR) is a buy and[…]
From Zero Hedge: With both old and new Wall Street flooding into the recently IPOed cloud darling Snowflake, which among other investors also sported none other than Berkshire Hathaway (although in light of Warren Buffet’s aversion to IPOs, it has been widely speculated that Berkshire’s $250MM investment in SNOW was the work of Buffett’s two[…]
From Zero Hedge: COVID has created a situation where millions of people are quarantined at home. Some are under lockdown rules, others have been laid off; and some have decided it’s just better to stay at home. This has caused huge surges in business that can be done online, and one of those businesses is trading. […]
From Zero Hedge: Beyond Meat hit a session low of $119, last down about 7% in the last hour of the session, after CNBC reported Burger King slashed the price of the Impossible Whopper following declining sales. Shares of Beyond Meat have surged more than 80% since the start of the year, news of declining fake meat[…]
From Crunchbase: Morning Markets: Somewhat buried in this week’s IPO chatter was the news that bankers are telling Palantir that it may be worth $41 billion. Let’s investigate. Ridesharing companies made headlines recently when media reports indicated that bankers think Uber could be valued at $120 billion in an IPO next year, and that Lyft could command a $15 billion pricetag[…]
From Real Investment Advice, Nov 15 2018: TechCrunch recently posted a fascinating chart of the monthly count of global VC deals that raised $100 million or more since 2007. According to this chart, a new “unicorn” startup was born every four days in 2018. Unfortunately, this is even more evidence of the tech startup bubble that I have been[…]